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Business & Finance

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Illustration; Source: Orcadian Energy
Business & Finance

Orcadian takes HALO Offshore into its portfolio

Orcadian Energy has brought into its fold all ordinary shares of HALO Offshore UK (HALO) from the joint liquidators of Hague and London Oil.

about 1 year ago
Second European Hydrogen Bank auction with €1.2 billion budget is officially open
Business & Finance

Second European Hydrogen Bank auction with €1.2 billion budget is officially open

The European Commission (EC) has officially opened the second auction under the European Hydrogen Bank.

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about 1 year ago
Aker Horizons and VNG bolster deal for green ammonia supply from Norway to Germany
Business & Finance

Aker Horizons and VNG bolster deal for green ammonia supply from Norway to Germany

Norwegian green energy developer Aker Horizons and Leipzig-based gas trader VNG have signed a term sheet for supplying green ammonia from Narvik, northern Norway, to Germany.

about 1 year ago
Minas Passage in the Bay of Fundy, Nova Scotia. Source: Inyanga Marine Energy Group
Business & Finance

Inyanga Marine Energy steps into Canada with new subsidiary

UK-based Inyanga Marine Energy Group has expanded its international presence with the launch of a Canadian subsidiary, Inyanga Maritime Services Nova Scotia, headquartered in Halifax. According to Inyanga Marine Energy, this move positions the company to advance Nova Scotia’s tidal energy and offsho

about 1 year ago
Transocean Encourage rig; Source: Transocean
Business & Finance

No hydrocarbons for Equinor in Norwegian Sea wildcat

Equinor has found no hydrocarbons in an exploration well, which was drilled using one of Transocean’s rigs in the Norwegian Sea off the coast of Norway.

about 1 year ago
Foresight giving J+S Subsea investment shot in growth arm; Source: Foresight
Business & Finance

Scotland’s subsea engineering firm gets capital boost

Foresight has disclosed a capital injection into J+S Subsea, an Aberdeen-headquartered subsea engineering company. The investment is expected to support the Scottish player’s growth plans.

about 1 year ago
Two women and one man standing in front of a sign
Business & Finance

Residual cold from Spain’s LNG terminal becomes low-carbon grid energy in ‘world first’

French-headquartered ecological transformation company Veolia, Spanish gas grid operator Enagás, and Barcelona City Council have launched a residual cold recovery solution installed at a liquefied natural gas (LNG) terminal in the Port of Barcelona.

about 1 year ago
Céline Place, Ambassador of France in Ireland visiting the Celtic Interconnector project in Cork; Pictured L-R: Ed Raffle, Celtic Interconnector team, Pádraig Slyne, EirGrid, Josselin Le Gall, Allianc
Business & Finance

Ireland’s first energy link to EU shaping up with ‘steady progress’ on cable routes for French interconnection

A one-year construction milestone has been reached at a subsea cable interconnection project between Ireland and France, known as Celtic Interconnector, only two years since the engineering, procurement, and construction (EPC) contracts were signed in Paris.

about 1 year ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business & Finance

Shell and QatarEnergy team up to supply China with LNG

Two energy giants, Qatar’s state-owned QatarEnergy and UK-headquartered Shell, have inked a new long-term sale and purchase agreement (SPA) with an undisclosed client to deliver liquefied natural gas (LNG) to China.

about 1 year ago
Forging ahead with fleet renewal, Maersk books 20 new dual-fuel ships
Business & Finance

Forging ahead with fleet renewal, Maersk books 20 new dual-fuel ships

Maersk has concluded agreements with three shipyards for the construction of 20 container vessels equipped with dual-fuel engines, rounding off the newbuilding orders revealed in August 2024.

about 1 year ago
Noble Invincible; Source: Noble Corporation
Business & Finance

New North Sea oil discovery springs up as Othello opens new play in ‘dry belt’

DNO has made a new oil discovery in the southern North Sea on the Norwegian Continental Shelf (NCS), which is described as a play opener in an area previously dubbed ‘the dry belt,’ where little exploration interest was noted in recent years.

about 1 year ago
Courtesy of Hellenic Cables
Business & Finance

Hellenic Cables cheers certification of dynamic power cable for offshore wind and oil & gas platform electrification

Hellenic Cables, part of Cenergy Holdings, has tucked a new milestone under its belt with the certification of its dynamic power cable, rated at 66 kV, which is said to be designed for demanding floating offshore wind applications.

about 1 year ago
Glomar Wave vessel; Source: Helix
Business & Finance

Helix picks up work on Britain’s giant subsea electricity superhighway

Helix has landed an unexploded ordnance (UXO) target investigation services assignment for a high voltage direct current (HVDC) cable connection in the UK.

about 1 year ago
OSCV Siem Spearfish; Source: Sea1 Offshore
Business & Finance

Sea1 Offshore’s subsea vessel staying longer with PXGeo

Sea1 Offshore has secured further work for one of its offshore subsea construction vessels (OSCV), thanks to a contract extension from PXGeo.

about 1 year ago